Can you guys explain some Trump things to me?

[sheepdogs1]

We’ve increased more under Trump than any president other than Obama. Difference is Obama pulled out of a recession, Trump inherited a strong economy.

https://www.macrotrends.net/2496/national-debt-growth-by-year

 

[BCSooners]

https://www.macrotrends.net/2496/national-debt-growth-by-year

https://www.thebalance.com/us-debt-by-president-by-dollar-and-percent-3306296

https://www.google.com/amp/s/www.bu...cit-compared-to-obama-bush-clinton-2019-2?amp

 

[mict085]

https://thehill.com/opinion/white-h...y-the-media-on-spying-by-obama-administration

 

[thebigabd]

Look at it from a percentage standpoint maybe?

You saving 300 dollars on a 30k salary is equivalent a 10 million on a billion dollar salary

The fact that you think that is equivalent is interesting. You clearly don't know any super wealthy people. I personally know 2 people who are in the "super wealthy" group. As in, over $100 million in liquid assets. I think if you knew them better you wouldn't think this way. I am not saying they are bad people, neither of them are.

But trust me, they don't consider $300 equivalent to $10 million in any way. They understand the real buying power of their money, and don't view it as an equal percentage.

Some of these guys got enough in a tax break to do something like this for fun:

Buy a $2.5 million house in Hawaii with a nice ocean view
https://www.zillow.com/homedetails/59-118-Kihi-Kihi-Pl-Kamuela-HI-96743/138315617_zpid/

Buy a couple of 2020 Jeep Gladiator Mojaves for use around the island. One for you and one for the wife, with every available feature. $55k each. $110,000.

Let's say spend about $350,000 on furniture, appliances, art, and home upgrades.

Comes in at about $2.9 million total.

Stick the other $7 million in a normal savings account getting 4% interest. Completely risk free. 3 years later that $7 million is nearly back up to $9 million and it's like I didn't even buy any of the aforementioned things.

Meanwhile.... BCS went to Chilis.

Yea, that's equal alright.

 

[mict085]

So I’ve been out of pocket this week.

So the news (local) just ran a story on how it was incorrect that Biden said he wants to defund the police.

Then they showed a clip of Biden saying he wanted to move funds away from police to social services as proof that he doesn’t want to defund the police

What the hell am I missing?

You’re not missing anything. Dems say the sky isn’t blue and then point out how blue it is.

All the talk about trump and “nazis” yet the Dems are following the Joseph Goebels playbook of repeating a lie long enough and loud enough that it’s believed by the public.

 

[sheepdogs1]

Stick the other $7 million in a normal savings account getting 4% interest. Completely risk free. 3 years later that $7 million is nearly back up to $9 million and it's like I didn't even buy any of the aforementioned things.

Meanwhile.... BCS went to Chilis.

Yea, that's equal alright.

What normal savings accounts earn 4% interest? How is parking $7 million in a savings account completely risk free?

 

[thebigabd]

What normal savings accounts earn 4% interest? How is parking $7 million in a savings account completely risk free?

Rich people can literally negotiate an interest rate with the bank. You and I can't, but they can. I used that rate because I knew it was real.

 

[sheepdogs1]

Rich people can literally negotiate an interest rate with the bank. You and I can't, but they can. I used that rate because I knew it was real.

That is not "normal." Secondly, it is not completely risk free. Thirdly, income is taxable and not liquid assets.

 

[SoonerBounce13]

The fact that you think that is equivalent is interesting. You clearly don't know any super wealthy people. I personally know 2 people who are in the "super wealthy" group. As in, over $100 million in liquid assets. I think if you knew them better you wouldn't think this way. I am not saying they are bad people, neither of them are.

But trust me, they don't consider $300 equivalent to $10 million in any way. They understand the real buying power of their money, and don't view it as an equal percentage.

Some of these guys got enough in a tax break to do something like this for fun:

Buy a $2.5 million house in Hawaii with a nice ocean view
https://www.zillow.com/homedetails/59-118-Kihi-Kihi-Pl-Kamuela-HI-96743/138315617_zpid/

Buy a couple of 2020 Jeep Gladiator Mojaves for use around the island. One for you and one for the wife, with every available feature. $55k each. $110,000.

Let's say spend about $350,000 on furniture, appliances, art, and home upgrades.

Comes in at about $2.9 million total.

Stick the other $7 million in a normal savings account getting 4% interest. Completely risk free. 3 years later that $7 million is nearly back up to $9 million and it's like I didn't even buy any of the aforementioned things.

Meanwhile.... BCS went to Chilis.

Yea, that's equal alright.

Way to twist my words...like usual.


Should we just tax the wealthy at 99 percent so their income is the same as the teacher? Is that the ticket?

I didn’t think so.

I was simply looking at it from comparing the tax cut from the low class to the high class based strictly on a total dollars is idiotic.

 

[SoonerBounce13]

Rich people can literally negotiate an interest rate with the bank. You and I can't, but they can. I used that rate because I knew it was real.

I’ve never seen a 4 percent savings account. I’m not rich so maybe that is why but I highly highly doubt it

 

[sheepdogs1]

I’ve never seen a 4 percent savings account. I’m not rich so maybe that is why but I highly highly doubt it

And what he doesn't understand or take into account is for a person who saved $300 on taxes it is relevant as to how much was paid in full to begin with. In other words, saving $300 when the amount originally paid was $600 or $10,000 is not one in the same.

 

[thebigabd]

I’ve never seen a 4 percent savings account. I’m not rich so maybe that is why but I highly highly doubt it

Trust me (or don't), but if you show up with $50 million to throw in an account and you are getting a killer interest rate. I've seen it with my own eyes.

Should we just tax the wealthy at 99 percent so their income is the same as the teacher? Is that the ticket?

No, but normal every day people don't have a real perspective for how much money we are talking about here... You yourself are literally fighting for a guy like I described to have basically unlimited wealth.

 

[sheepdogs1]

Trust me (or don't), but if you show up with $50 million to throw in an account and you are getting a killer interest rate. I've seen it with my own eyes.



No, but normal every day people don't have a real perspective for how much money we are talking about here... You yourself are literally fighting for a guy like I described to have basically unlimited wealth.

A person is limited to what they earn as opposed to what they do not earn. And care to explain how a person is taxed on liquid assets?

 

[SoonerBounce13]

Trust me (or don't), but if you show up with $50 million to throw in an account and you are getting a killer interest rate. I've seen it with my own eyes.



No, but normal every day people don't have a real perspective for how much money we are talking about here... You yourself are literally fighting for a guy like I described to have basically unlimited wealth.

Who am I fighting for?
I haven’t made any comments about unlimited wealth

 

[sheepdogs1]

Who am I fighting for?
I haven’t made any comments about unlimited wealth

You're requesting a response from someone who made up his response!

Income is taxable and not liquid assets in itself unless the assets earned interest income, as an example, so a person with $100 million in liquid assets does not save $2.6 million in taxes in a given year due to a nominal tax rate reduction from 39.6% to 37%. A $100 million annual income would in its most basic terms.

 

[mict085]

[tweet]1286625544604463104[/tweet]

 

[steverocks35]

[tweet]1286625544604463104[/tweet]

The “Trump Russia swindle” weirdly started by Republican Rod Rosenstein, investigated by Republican Bob Mueller. Definitely a Democratic conspiracy!

It was so thin and fake that Roger Stone went to prison for witness tampering and perjury to obstruct it. Swindle!

 

[mict085]

The “Trump Russia swindle” weirdly started by Republican Rod Rosenstein, investigated by Republican Bob Mueller. Definitely a Democratic conspiracy!

It was so thin and fake that Roger Stone went to prison for witness tampering and perjury to obstruct it. Swindle!

It was completely fabricated with no evidence. They knew that from the start and still proceeded because it was a political hit job. It was a lie and wasted hundreds of millions of taxpayer dollars.

 

[steverocks35]

It was completely fabricated with no evidence. They knew that from the start and still proceeded because it was a political hit job. It was a lie and wasted hundreds of millions of taxpayer dollars.

Too bad Roger Stone wasn’t informed before he tampered with witnesses and committed perjury to obstruct this “completely fabricated” investigation. Poor guy!

 

[WTSooner]

Too bad Roger Stone wasn’t informed before he tampered with witnesses and committed perjury to obstruct this “completely fabricated” investigation. Poor guy!

That is such a dumb response. Your situation is akin to those who do nothing wrong, but hit a person crossing the highway at night, and don't stop. Or confess to a crime they didn't commit.

Even if not guilty, lots of folks, if given the chance, will still intervene as Stone did. It isn't all that unusual or uncommon, and certainly doesn't signify guilt.